A deep learning model for sales forecasting using univariate time series data

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Authors: M V Janani, A Bhuvaneswari
Cited by: 0

Abstract

In today’s fast-moving world, industries like supply chain, farming, and retail require accurate forecasting for sales, demand, yield, and stock levels. Traditional models take months to extract insights from available datasets. This project streamlines the process with a ready-to-use tool that supports both univariate and advanced time series forecasting, providing short-term predictions (one, three, and six months) for specific products. This enables businesses to quickly adjust production, optimize inventory, and refine sales strategies. By delivering precise, real-time insights, the tool helps companies respond swiftly to market shifts, minimize waste, and maximize profitability without the complexity of building forecasting models. The adaptive algorithms in the tool effectively handle sales trends, seasonal variations, sudden demand spikes, and supply chain disruptions. Designed for ease of use, the tool requires minimal technical expertise while delivering enterprise-level accuracy. Businesses can seamlessly integrate forecasting models into their decision-making workflows, ensuring agility in a competitive landscape. With faster and more reliable forecasting, companies gain a strategic advantage in managing uncertainty and optimizing operations.

Fields of Study & Subjects

Forecasting Techniques and Applications Time Series Analysis and Forecasting Stock Market Forecasting Methods

Publication details

Journal / source
CRC Press eBooks
Pages
366–374
Publication date
17 February 2026
Language
EN
Document type
Book chapter